Channel: Democracy At Work

Category: News & Politics

Tags: incomecapitalyt:cc=ontaxesemployeeinflationsupplyrichard wolffjusticecapitalismemployerpovertypriceswealthprofitsbillionairessupply chainworksocialismeconomydemanddemocracylaborinequalitywageseconomicsmarketstaxation

Description: [S12 E17] Inflation - How Markets Fail In this week's show, Prof. Wolff talks about Sri Lanka’s economic crisis as a global example, and how US billionaires escape taxation at our expense. In the second half, Wolff discusses how and why the market system produces inflations like today’s. **Economic Update with Richard D. Wolff is a@Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: patreon.com/economicupdate and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted EU Patreon community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at patreon.com/economicupdate or donate on our website at democracyatwork.info/donate Follow us ONLINE: Facebook: facebook.com/EconomicUpdate facebook.com/RichardDWolff facebook.com/DemocracyatWrk Twitter: twitter.com/profwolff twitter.com/democracyatwrk Instagram: instagram.com/democracyatwrk DailyMotion: dailymotion.com/democracyatwrk Shop our CO-OP made MERCH: democracy-at-work-shop.myshopify.com Want to help us translate and transcribe our videos? Learn about joining our translation team: democracyatwork.info/getinvolved ****************************************************************************************** NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: lulu.com “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly lulu.com/spotlight/democracyatwork ****************************************************************************************** SOURCES FOR SHOW SEGMENTS: 1. Sri Lanka: theguardian.com/world/2022/apr/14/sri-lanka-gotabaya-rajapaksag-gota-go-home-protests 2. The super-rich billionaires and their low federal tax rates: propublica.org/article/americas-top-15-earners-and-what-they-reveal-about-the-us-tax-system